Good Outlook for the Waste Collection Truck Market

According to The Business Research Company, the market size for waste collection trucks has seen robust growth in the previous years and is anticipated to increase from 14.17 billion US-Dollar in 2024 to 15.26 billion US-Dollar in 2025.

This would indicate a compound annual growth rate (CAGR) of 7.7 percent. “Factors such as urbanization, population expansion, environmental rules, economic development, enhancements in waste segregation, infrastructure evolution, and involvement of the private sector have all contributed to this historical growth,” the market research firm informed.

This positive trend is expected to last. In the coming years, the market is set to rise to 20.21 billion US-Dollar by 2029 with a CAGR of 7.3 percent. “This growth during the forecast period can be traced back to a number of factors, including the increasing uptake of smart city projects, the escalating generation of municipal solid waste, heightening consumer consciousness about the detrimental impacts of uncontrolled dumping, growing public interest in sustainability, and increased automation in various industrial sectors.” Key trends for the forecast period would encompass smart waste management, the advancement of garbage truck fleets through connectivity and telematics integration, the creation of more cost-effective and efficient garbage truck models, and the application of technical improvements.

thebusinessresearchcompany.com/report/garbage-collection-truck-global-market-report

(Published in GLOBAL RECYCLING Magazine 1/2025, Page 9, Photo: O. Kürth)